- Business
- Velox Energy Materials Inc. is a Canadian energy-materials exploration and development company focused on advancing mineral and hydrogen-storage assets supporting the energy transition. The Company’s principal asset is the North Queensland Vanadium Project (NQV) in northwest Queensland, Australia, including the Cambridge Deposit, which hosts vanadium pentoxide and molybdenum mineral resources; Velox conducts exploration, drilling, resource definition, environmental and development studies aimed at identifying shallow, higher-grade mineralization suitable for potentially low-cost mining and processing. The Company also owns Kotai Energy and holds an option to acquire 100% of the intellectual-property rights associated with Curtin University’s Solid-State Hydrogen Storage Project in Western Australia. Through the Kotai Hydrogen Project, Velox and Curtin University are developing exportable solid-state hydrogen technology designed to produce high-pressure hydrogen after transport in the form of inert sodium-borohydride powder, including hydrogen-storage, hydrogen-release, chemical-synthesis, scale-up and demonstration-facility applications. Velox operates principally through an Australian resource-property segment, targeting resource and research-friendly jurisdictions, with corporate headquarters in Vancouver, British Columbia, Canada. The Company was founded in 1973 and was formerly known as Currie Rose Resources Inc. before adopting the Velox Energy Materials Inc. name in October 2023. Recent developments include completion in March 2026 of a non-brokered private placement of 89,296,272 units at C$0.035 per unit for gross proceeds of approximately C$3.13 million, intended to support project evaluation and working capital; continued advancement of the Kotai Hydrogen Project with Curtin University under the Australian Renewable Energy Agency’s Transformative Research Accelerating Commercialisation program; and achievement of Kotai’s second project milestone in November 2025, validating laboratory-scale sodium-borohydride synthesis and high-pressure hydrogen release and triggering a A$1.0 million funding payment toward subsequent technology scale-up and a planned demonstration facility.